[Federal Register Volume 63, Number 234 (Monday, December 7, 1998)]
[Notices]
[Page 67496]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-32380]


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SECURITIES AND EXCHANGE COMMISSION


Issuer Delisting; Notice of Application To Withdraw From Listing 
and Registration; (Unity Bancorp, Inc., Common Stock, No Par Value) 
File No. 1-12431

December 1, 1998.
    Unity Bancorp, Inc. (``Company'') has filed an application with the 
Securities and Exchange Commission (``Commission''), pursuant to 
Section 12(d) of the Securities Exchange Act of 1934 (``Act'') and Rule 
12d2-2(d) promulgated thereunder, to withdraw the above specified 
security (``Security'') from listing and registration on the American 
Stock Exchange, Inc. (``Amex'' or ``Exchange'').
    The reasons cited in the application for withdrawing the Security 
from listing and registration include the following:
    On August 20, 1998, the Board of Directors of the Company 
unanimously approved a resolution to withdraw the Company's Security 
from trading on the Exchange and to list the Security on the Nasdaq. In 
making the decision to withdraw its Security from listing on the 
Exchange, the Company considered the direct and indirect costs and 
benefits involved and determined that trading on the Nasdaq better 
suited its needs. Trading in the Company's Security on the Nasdaq 
commenced at the opening of business on September 21, 1998.
    The Company has complied with Rule 18 of the Amex by notifying Amex 
of its intention to withdraw its Security from listing on the Exchange 
by letter dated August 24, 1998, and by filing a copy of the resolution 
with the Exchange. The Exchange replied by letter dated August 26, 
1998, advising that the Exchange would not interpose any objection to 
such action, nor require the Company to send common stockholders any 
statement with respect thereto.
    The Company also originally intended to delist its Common Stock 
Purchase Warrants (``Warrants'') from Amex and to list the Warrants on 
Nasdaq. The Warrants, however, did not meet the Nasdaq's float 
requirement and the Company elected to keep the Warrants on the Amex. 
By letter dated September 14, 1998, the Amex consented to this 
procedure.
    Any interested person may, on or before December 22, 1998, submit 
by letter to the Secretary of the Securities and Exchange Commission, 
450 Fifth Street, N.W., Washington, D.C. 20549, facts bearing upon 
whether the application has been made in accordance with the rules of 
the Exchange and what terms, if any, should be imposed by the 
Commission for the protection of investors. The Commission, based on 
the information submitted to it, will issue an order granting the 
application after the date mentioned above, unless the Commission 
determines to order a hearing on the matter.

    For the Commission, by the Division of Market Regulation, 
pursuant to delegated authority.
Jonathan G. Katz,
Secretary.
[FR Doc. 98-32380 Filed 12-4-98; 8:45 am]
BILLING CODE 8010-01-M